Bounty0x (BNTY) - Rewarding the Token Economy

In 2017 blockchain entrepreneurs raised more funds through initial coin offerings(ICOs) than through traditional venture capital investments. So far in 2017, blockchainentrepreneurs have raised over $1.5 bln through ICO offerings and even exceeded the fundsraised through VC’s in the months of June and July. This will only continue to grow in 2018and beyond. Startups are accordingly relying even more on bounty programs in conjunctionwith upcoming ICO's to accomplish pre-ico tasks.A bounty program is an offer made by many startups, websites, and softwaredevelopers which enables individuals to receive recognition and compensation forperforming marketing tasks, reporting bugs or improving a product/service. Bounty programsare also a frequently used tool used by ICO startups. Examples of bounties frequentlyposted by ICO startups include posting on social media, posting on blogs and performingtranslations. Usually, startups reward contributors with the startup’s own tokens.Bounty0x was conceived as a district0x proposal and was selected among the topfour district proposal. The proposal is currently being voted upon in order to become the nextdistrict which will be built on the district0x platform. The bounty0x.io platform will eventuallymigrate over to the district0x network platform when the d0xinfra protocol is ready, and atsuch time enable DNT token holders to stake their DNT in order to take part in bounty0x.ioplatform governance.Startups are currently paying bounty managers between $2-4k in ETH or BTC tomanage their campaign, plus a percentage of the startup's own token. Our platform is goingto slice this cost by over 80 percent, creating economic incentive for startups to joinbounty0x’s platform in order to save time and money managing their bounty campaigns.Furthermore, bounty0x will enable pre-ico startups the ability to pay and allocate a portion ofico tokens to bounty hunters, in advance of their ico.

Vision

In the short term, we will develop a decentralized platform where bounty hunters willbe able to receive payment in tokens in exchange for completing bounty tasks for ICOstartups. With hundreds of new blockchain startups being formed and holding ICO’s everymonth, this is already a very significant market. Startups will benefit from being able toharness the power of thousands of bounty hunters who are interested in performing tasks inexchange for payment in their native tokens.Our ultimate goal is to increase the efficiency of industries that would benefit from adecentralized workforce and bounty-oriented reward model.

1. Online marketing

Banner advertisements are losing effectivity due to a fenomena known as “AdBlindness”. On the other hand, influencer marketing on social media and blogs is explodingin popularity. Our platform brings influencer marketing to the crowd by allowing anyone fromanywhere, to endorse brands through our marketing bounties.

2. Software development

Bugs and security issues are a growing pain in our digital world. A small team ofdevelopers might miss a bug that could potentially be disastrous for a company. Securityaudit firms charge astronomical sums for their services and startups often want to get asecond or third opinion. Our platform enables startups to expose their code to thousands ofprogrammers that carefully analyze and review it. Bounty hunters only receive a reward ifthey actually find a vulnerability.

3. Consulting

Adapting to the latest industry trends is a big challenge for global consulting firms. Itoften involves extensive training of their employees and the hiring of new ones. This is anunsustainable process in a world where industries change at an accelerating pace. Webelieve that the solution to this problem is to completely decentralize the consulting industry.On our platform, Bounty Hunters can submit improvement suggestions and solutions tohighly specialized business situations.

● 500,000,000 BNTY tokens created● 250,000,000 tokens or 50% of total supply will be sold during our contribution periodand distributed among participants after completion of the contribution period. Anyunsold tokens will be burned.● 7,812,502 or. 1.5625% will be distributed during the pre-sale at a price of at $0.0320each. A total of $250k will be raised during the pre-sale. Any unsold tokens duringthe pre-sale will be burned.● 150,000,000 or 30% will be distributed among the founding team to provide a healthyincentive for the future development of the platform. Tokens for founders will vestover 2 years, with a 6 month cliff (or 1st cliff at 6 months, then monthly cliffs spreadequally over remaining months).● 88,187,498 or 17.6% will be retained by Bounty0x for a future contribution periods(upon approval of all advisors and subject to reaching key platform milestones), andto provide incentive for future employees, and community rewards. This includes thecompensation of future team members, community advisor participants, and bountyparticipants. 6 month vesting period.● 4,000,000 or 0.8% of supply will be used for advisor compensation. Tokens foradvisors will vest over 6 months, with a 3 month cliff.● The main contribution period will begin on December 1st, 2017.

● Participants willing to contribute to and support development of bounty0x.io can do

so by sending ether to the designate address.● Contribution address will be bounty0x.eth

Development Roadmap

Q4 2017

- Automate review process of twitter and facebook bounties.- Add public list of upcoming bounty campaigns- Assign a unique URL to every bounty campaign.- Allow anyone to create a bounty campaign.- And some more surprises...

Q1 2018

- Allow anyone to stake BNTY in order to review bounty submissions- Start BNTY buy-back program- Support bounties focused on software development (Bug bounties and Securityaudits)- Add more bounty tasks (security audits, bug bounties, consulting)- Add a reputation system for bounty hunters- Add a bidding system for reviewing bounties- And many surprises more...

Funds allocated to development expenses will be used for the development of thebounty0x platform, bounty submission and review mechanism, reputation system, smartcontracts, security audits and future improvements to the platform as well as expansion intonew segments.

Operational Expenses

Funds allocated to operational expenses will be used to keep the bounty0x platformrunning and to cover its day-to-day costs. This includes costs related to recruiting,community management, support, sales, hosting, accounting, partnership formation,business development and any other administrative tasks.

Marketing Expenses

Funds allocated to marketing expenses will be used to attract more startups to ourplatform and to grow our user base. This will be achieved through a combination ofpartnerships with influencers, press releases, PPC marketing campaigns and the creation ofeducational content.

Legal Expenses

Funds allocated to legal expenses will be utilized to establish the Bounty0x entity, tocover ongoing legal costs and to finance any unforeseen legal expenses that could threatenthe existence or vision of our platform.

Management of Contributions

As an Ethereum-based project, the long-term viability and utility of our platform isbound to the continued development of the Ethereum protocol and growth of its user base.After securing 18 months of runway into USD, we intend to pay all wages and cover allpossible expenses in ETH. The funds that are currently not utilized will be stored in an offlinewallet indefinitely.

Transparency Policy

We are going to follow the example of District0x and publicly disclose all informationthat could be of some relevance to our community.

Deniz DalkilicCo-founder - Lead developerSoftware Engineer Thomson Reuters. Working in AppliedInnovation team on Blockchain/Ethereum projects. Inparticular concentrating on public Blockchains and DAppdevelopment via extensive use of JavaScript and SmartContracts.

Advisors

Uwe Thellmann

Partner at Aurelius EquityUwe has +20 years ofexperience in Marketing,Finance and Sales at P&G,Danone and Energizer.Responsible for portfoliocompanies in the consumergoods industry at AureliusPrivate Equity. In blockchainsince 2016.

Cathy TaoDirector at Symphony SEACathy has advised over 500startups. She cofoundedTourBoarding, a sharingeconomy startup, which washired by AirBnB to launch inChina, and another startup,which matches high-impactstartup founders withadvisors willing to work forsweat equity.

Links:

News and updates from Bounty0x development

In
case you missed our last weekly update, we announced the launch of our
full website, new partnerships, and plans for District0x integration.
This week we are announcing among other things the Bounty0x anti-scam
bot bounty hunter initiative to stop slack scams, rescheduling our
pre-sale for after the Bitcoin fork, and our new bounty listings.

We’ve revised our pre-sale and main sale contribution period dates

The new dates are:

Pre-sale contribution period dates: November 20 — December 3

Main sale contribution period dates: January 10 — February 10

In
light of the upcoming bitcoin fork scheduled for mid November, Bounty0x
has received recommendations from a few advisers as well as a few of
our trusted community members that it would be prudent to adjust the
start and end date of the upcoming pre-sale and main contribution period
until after the completion of the bitcoin fork. Moreover, an added
benefit of this strategy is that this will enable Bounty0x more time to
continue promoting and growing the community in anticipation of the
contribution period.

Meanwhile,
in the coming weeks we have planned the release of an explainer video,
two conferences we will be attending, podcasts, and six new clients.

New features and bug fixes on the Alpha platform

We
appreciate all the feedback by all our users so far, it’s been
incredibly helpful. We’re working hard to bring even further
improvements to the platform. PS: To see latest changes quickly without
any glitches, if possible, clear your browser cache.

- Patches in place to beef up security
- Frontend refactoring to further stabilise and modularise our application
- Performance patches on the API,

Anti-scam bot bounty hunter initiative

In
our recent blog post we announced the slack anti scam initiative aimed
at ending scammers on slack. Together with anti-scam bot we incentivize
and reward bounty hunters successfully identifying scammers. This
charges more members of the community with ensuring it is safe. To read
more about the initiative check out our recent blog post here.

Bounty0x Integration on District0x

In
the next week or so, Bounty0x will be enabling DNT holders to stake
their DNT and vote on Bounty0x governance proposals, by making use of
the vote.district0x.io voting dapp.

Spotlight articles

Simon Kruse, an interview with the highest earning bounty Hunter on Bounty0x, read it here.

Weekly Development Update

News and updates from Bounty0x development

In case you missed our last weekly updatewe announced new partnerships, and plans for District0x integration. This week we are announcing among other things our token allocation, explainer video, and upcoming poll for determining main contribution period date.

This week Bounty0x is proud to announce 1.8k telegram users, and a full pre and main contribution period whitelist. Bounty0x has empowered the telegram community to vote to decide how the upcoming token contribution period should be structured.

Presale Contribution Period is live

Bounty0x Explainer Video

The Bounty0x explainer video is live and is available to view here. Thanks to Jon Mayo Buttry of JCB Motion and Shooter Jennings.

Bounty0x Series on Transparency

Bounty0x has posted as statement which addresses some community questions regarding Bounty0x commitment to transparency in the cryptocurrency space.

Community vote on Bounty0x token allocation and main contribution period dates

Bounty0x has engaged the telegram community to vote in order to decide which token allocation model to follow for the upcoming contribution period. A $1.75mln total hard cap and December 15th for the main sale date where the most voted on options.

Weekly Distribution Report — July 31, 2018

Weekly updates on the distribution status of bounty campaigns.

Important Announcement

We
have recently ran into an issue where hosts are not allocating enough
tokens towards their Twitter bounties. These bounties were poorly
constructed as the rewards and the max number of submissions did not
align with the amount of tokens that were allocated.

As
a result, we’ve had to change the reward amount and switch to a staking
system in order to ensure everyone gets a fair reward based off their
participation. Due to this, all hunters that participated in the
bounties below will most likely receive a smaller reward than expected.

Ecomi Twitter Bounty

Acorn Twitter Bounty

CoolBitX Twitter Bounty

We are actively working on a solution to eliminate this from happening again and we appreciate your cooperation!

Bounty Campaigns Distributed This Past Week:

Bitxoxo:

Distribution Date: July 27, 2018

Total Tokens Distributed: 113,246.18 XOXO

Total Number of Submissions Received: 6,419

Total Approved Submissions: 5,730

Gemera:

Distribution Date: July 27, 2018

Total Tokens Distributed: 49.50 GEMA

Total Number of Submissions Received: 100

Total Approved Submissions: 99

WandX:

Distribution Date: July 27, 2018

Total Tokens Distributed: 10,000 WAND

Total Number of Submissions Received: 1,112

Total Approved Submissions: 819

Naviaddress:

Distribution Date: July 27, 2018

Total Tokens Distributed: 9,200 NAVI

Total Number of Submissions Received: 67

Total Approved Submissions: 16

**
If you believe your submission was wrongfully rejected, or you think
you received an incorrect amount of tokens for any of the campaigns
above (except WandX), you have until Friday, August 3rd to create an
appeal and email us at [email protected].

** No appeals will be accepted for WandX.
The reward each hunter received was low because the host allocated a
small amount of tokens to the bounty but gave out a large amount of
stakes per submission. As a result, the token per stake ratio was very
small, thus, it resulted in a small reward for each hunter.

Campaigns Ready For Distribution This Week:

Current tokens that are in our wallet and are ready to be distributed.

BlueWhale

EtherChain

Appeals Ready For Distribution This Week:

Current tokens that are in our wallet and are ready to be distributed.

None

Campaigns Reviewed and Tokens Requested:

These are campaigns that we’ve completed the review for and are awaiting tokens to be sent to us from the host.

Medicohealth

Medichain

CoolBitX

Open Block

Safe Haven

iOlite

Bountie

aXpire

Acorn Collective

COTI

Indie Party

Contract Vault

Campaigns Expected To Be Reviewed This Week:

These are the campaigns that we are hoping to have reviewed by the end of this week.

ShareRing

Quant Network

ShareDrop

Bit.Game

Pigzbe

Universal Labs

Game4Bitcoin

Talao

AirdropX

Bounty Campaigns That Require KYC:

These
are the campaigns that have ended, been reviewed, and are just waiting
for all hunters to do KYC. More details on our KYC integration will be
released in the next couple of days!

Ecomi

Safe Haven

CEEK

Bounty Campaigns Where Distribution Is Delayed:

Tokens have been received from these hosts, however, they requested to not distribute them until later.

Disclaimer:
Please consult your professional financial, investment, and tax
advisers before making any investment in initial coin offerings
(“ICOs”). Bounty0x does not provide investment or financial advice and
does not endorse or recommend investment in any ICOs advertised on this
site. The content on this site is provided for informational purposes
only and should be supplemented with independent research and factual
verification. Bounty0x occasionally receives compensation for promoting
certain ICOs. Such compensation is not based on whether or not users of
Bounty0x, or any users invest in advertised ICOs or other types of
“success” fees. Bounty0x is not regulated as either a broker-dealer or
funding portal and is not a member of FINRA. Bounty0x does not offer or
sell any securities, solicit investors for securities offerings, engage
in any negotiations regarding potential investments, or participate in
the sale or purchase of any securities or otherwise effect transactions
in securities. Any offer, sale or purchase in ICOs is in the sole
discretion of, and is conducted directly between, issuers and the
prospective investors. All information provided regarding potential ICO
investment opportunities is prepared solely by the issuer, and such
issuer is solely responsible for the accuracy of all such statements.
Bounty0x has not independently verified any such information. For more
information about our Terms and Conditions, see here, and privacy policy here.